PSX Rises by 690 Points Amid Rate Cut Speculation
The KSE-100 Index shows strong buying momentum as traders anticipate a policy rate reduction.
The Pakistan Stock Exchange (PSX) witnessed strong buying momentum on Tuesday, with the KSE-100 Index rising by 690 points, driven by expectations of a potential policy rate cut.
The KSE-100 opened on a positive note, with sustained buying activity throughout the session.
By the close, the index had gained 690.39 points, or 0.85%, settling at 81,804.59.
Total trading volume for the day reached 359,081,585 shares, up from the previous session’s 297,994,181 shares, with a total value of Rs 17.160 billion compared to Rs 14.103 billion in the last session.
Out of 436 companies trading shares, 243 recorded gains, 139 faced losses, and 54 remained unchanged.
Top performers included Fauji Cement, with 29,125,856 shares traded at Rs 26.62 per share, Hub Power Company XD, with 19,621,123 shares traded at Rs 126.47 per share, and WorldCall Telecom, with 19,051,954 shares traded at Rs 1.24 per share.
Unilever Pakistan Foods Limited saw the highest price increase, gaining Rs 194.94 per share to close at Rs 17,270.00, followed by Hallmark Company Limited, which rose by Rs 78.42 per share to close at Rs 1,116.73.
On the downside, Pakistan Engineering Company Limited saw the biggest drop, losing Rs 55.00 per share to close at Rs 755.00, with Sitara Chemical Industries Limited also declining by Rs 14.92 to end at Rs 270.08.
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